Vault-13

SOUTHWEST AIRLS CO LUV 1.25 05.01.25

NOTE 1.250% 5/0 · US DOMESTIC · CUSIP 844741BG2

96 institutional holders +1 vs Q2 2023
84,300,22584.3m shares reported held*
$7.2bnreported value*
4 new 17 added 40 reduced 5 sold out net sold ≈ $87.8m (-15.5m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $85.17.

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 92Q4 22: 92Q1 23: 93Q2 23: 95Q3 23: 9696Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202292
Q4 202292
Q1 202393
Q2 202395
Q3 202396

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q4 22: 27 bought or addedQ4 22: 37 cut or sold outQ4 22Q1 23: 37 bought or addedQ1 23: 33 cut or sold outQ1 23Q2 23: 34 bought or addedQ2 23: 35 cut or sold outQ2 23Q3 23: 21 bought or addedQ3 23: 45 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222737
Q1 20233733
Q2 20233435
Q3 20232145

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +14,221,000+14.2m
AMERICAN CENTURY COMPANIES INC Added +6,343,000+6.3m
STATE STREET CORP Added +2,700,000+2.7m
MACQUARIE GROUP LTD New +1,800,000+1.8m
SHENKMAN CAPITAL MANAGEMENT INC Added +1,780,000+1.8m
BlackRock Inc. Added +1,730,000+1.7m
Wellesley Asset Management New +1,600,000+1.6m
Russell Investments Group, Ltd. Added +1,164,000+1.2m
MORGAN STANLEY Added +1,151,000+1.2m
ZAZOVE ASSOCIATES LLC Added +1,070,000+1.1m

Biggest sellers

Lombard Odier Asset Management (Europe) Ltd Reduced -25,472,000-25.5m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -24,520,000-24.5m
FMR LLC Reduced -13,750,000-13.8m
SSI INVESTMENT MANAGEMENT LLC Reduced -7,931,000-7.9m
CREDIT SUISSE AG/ Reduced -7,024,000-7.0m
JPMORGAN CHASE & CO Reduced -6,379,000-6.4m
AVIVA PLC Sold out -4,500,000-4.5m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Reduced -4,500,000-4.5m
PUTNAM INVESTMENTS LLC Reduced -3,837,000-3.8m
DEUTSCHE BANK AG\ Reduced -3,290,000-3.3m

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.18% of their portfolio ATLANTA, GA 159,550,000159.6m $159.0m $159.0m 0.18% Reduced -2.2m -2,175,000
2 ADVENT CAPITAL MANAGEMENT /DE/ 3.59% of their portfolio NEW YORK, NY 153,799,000153.8m $153.2m $153.2m 3.59% Reduced -24.5m -24,520,000
3 LAZARD ASSET MANAGEMENT LLC 0.19% of their portfolio NEW YORK, NY 143,734,000143.7m $143.2m $143.2m 0.19% Reduced -900.0k -900,000
4 VICTORY CAPITAL MANAGEMENT INC 0.12% of their portfolio San Antonio, TX 107,874,000107.9m $107.8m $107.8m 0.12% Reduced -481.0k -481,000
5 ZAZOVE ASSOCIATES LLC 6.48% of their portfolio INCLINE VILLAGE, NV 62,275,00062.3m $62.5m $62.5m 6.48% Added +1.1m +1,070,000
6 MacKay Shields LLC 1.70% of their portfolio New York, NY 62,165,00062.2m $61.9m $61.9m 1.70% Reduced -3.1m -3,051,000
7 MANUFACTURERS LIFE INSURANCE COMPANY, THE 3.25% of their portfolio Toronto, A6 56,185,00056.2m $5.6bn $5.6bn 3.25% Reduced -395.0k -395,000
8 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 55,398,00055.4m $55.5m $55.5m 0.01% Reduced -6.4m -6,379,000
9 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.08% of their portfolio FRANKFURT AM MAIN, 2M 54,450,00054.5m $54.6m $54.6m 0.08% Added +1.0m +1,000,000
10 AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio KANSAS CITY, MO 47,269,00047.3m $47.1m $47.1m 0.04% Added +6.3m +6,343,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 43,075,00043.1m $43.4m $43.4m 0.00% Added +2.7m +2,700,000
12 Calamos Advisors LLC 0.19% of their portfolio NAPERVILLE, IL 34,162,00034.2m $34.3m $34.3m 0.19% Reduced -12.0k -12,000
13 Lombard Odier Asset Management (Europe) Ltd 1.77% of their portfolio LONDON, X0 33,776,00033.8m $33.9m $33.9m 1.77% Reduced -25.5m -25,472,000
14 CREDIT SUISSE AG/ 0.04% of their portfolio ZURICH, V8 32,474,00032.5m $37.1m $37.1m 0.04% Reduced -7.0m -7,024,000
15 SSI INVESTMENT MANAGEMENT LLC 2.27% of their portfolio Los Angeles, CA 27,762,00027.8m $27.8m $27.8m 2.27% Reduced -7.9m -7,931,000
16 M&G INVESTMENT MANAGEMENT LTD 0.19% of their portfolio London, X0 26,715,00026.7m $26.7m $26.7m 0.19% Added +14.0k +14,000
17 CQS (US), LLC 3.13% of their portfolio NEW YORK, NY 26,600,00026.6m $26.7m $26.7m 3.13% Reduced -500.0k -500,000
18 Thrivent Financial for Lutherans 0.06% of their portfolio Minneapolis, MN 25,007,00025.0m $24.8m $24.8m 0.06% Reduced -900.0k -900,000
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 24,923,00024.9m $24.7m $24.7m 0.00% Added +14.2m +14,221,000
20 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 21,950,00021.9m $21.9m $21.9m 0.03% Reduced -450.0k -450,000
21 RWC Asset Management LLP 1.32% of their portfolio LONDON, X0 20,200,00020.2m $20.2m $20.2m 1.32% Unchanged
22 Allianz Asset Management GmbH 0.04% of their portfolio MUNICH, 2M 18,501,00018.5m $18.4m $18.4m 0.04% Unchanged
23 PIER 88 INVESTMENT PARTNERS LLC 3.76% of their portfolio SAN FRANCISCO, CA 15,220,00015.2m $15.1m $15.1m 3.76% Reduced -1.7m -1,710,000
24 INCOME RESEARCH & MANAGEMENT 11.69% of their portfolio Boston, MA 15,047,00015.0m $14.9m $14.9m 11.69% Reduced -570.0k -570,000
25 SHENKMAN CAPITAL MANAGEMENT INC 1.05% of their portfolio NEW YORK, NY 14,002,00014.0m $14.0m $14.0m 1.05% Added +1.8m +1,780,000
26 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 13,256,00013.3m $13.3m $13.3m 0.00% Reduced -569.0k -569,000
27 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 12,677,00012.7m $12.6m $12.6m 0.00% Added +191.0k +191,000
28 AXA S.A. 0.04% of their portfolio PARIS, I0 12,650,00012.7m $12.7m $12.7m 0.04% Unchanged
29 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 12,425,00012.4m $12.3m $12.3m 0.00% Reduced -270.0k -270,000
30 BlackRock Inc. 0.00% of their portfolio New York, NY 10,860,00010.9m $10.8m $10.8m 0.00% Added +1.7m +1,730,000
31 Man Group plc 0.03% of their portfolio LONDON, X0 10,700,00010.7m $10.7m $10.7m 0.03% Reduced -1.9m -1,850,000
32 LBP AM SA 0.23% of their portfolio Paris, I0 10,400,00010.4m $10.5m $10.5m 0.23% Unchanged
33 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 8,188,0008.2m $8.3m $8.3m 0.02% Added +1.2m +1,164,000
34 Amundi 0.00% of their portfolio Paris, I0 8,000,0008.0m $7.8m $7.8m 0.00% Reduced -738.0k -738,000
35 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 7,900,0007.9m $7.9m $7.9m 0.02% Reduced -4.5m -4,500,000
36 OSTERWEIS CAPITAL MANAGEMENT INC 0.57% of their portfolio SAN FRANCISCO, CA 7,875,0007.9m $7.8m $7.8m 0.57% Unchanged
37 FMR LLC 0.00% of their portfolio BOSTON, MA 7,861,0007.9m $7.8m $7.8m 0.00% Reduced -13.8m -13,750,000
38 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 7,831,0007.8m $7.8m $7.8m 0.00% Unchanged
39 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 7,388,0007.4m $7.3m $7.3m 0.01% Reduced -3.8m -3,837,000
40 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,193,0007.2m $7.1m $7.1m 0.00% Added +1.2m +1,151,000
41 PALISADE CAPITAL MANAGEMENT, LP 0.16% of their portfolio FORT LEE, NJ 5,752,0005.8m $5.8m $5.8m 0.16% Reduced -750.0k -750,000
42 LOOMIS SAYLES & CO L P 0.22% of their portfolio BOSTON, MA 4,731,1924.7m $128.1m $128.1m 0.22% Reduced -4.6k -4,619
43 NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio TOKYO, M0 4,000,0004.0m $4.0m $4.0m 0.02% Unchanged
44 AEGON USA Investment Management, LLC 2.86% of their portfolio CEDAR RAPIDS, IA 4,000,0004.0m $4.0m $4.0m 2.86% Reduced -375.0k -375,000
45 KORNITZER CAPITAL MANAGEMENT INC /KS 0.08% of their portfolio SHAWNEE MISSION, KS 3,750,0003.8m $3.7m $3.7m 0.08% Reduced -500.0k -500,000
46 EDMOND DE ROTHSCHILD HOLDING S.A. 0.07% of their portfolio CHAMBESY, V8 3,496,0003.5m $3.5m $3.5m 0.07% Reduced -1.1m -1,050,000
47 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 3,440,0003.4m $3.4m $3.4m 0.00% Reduced -3.3m -3,290,000
48 Liberty Mutual Group Asset Management Inc. 0.92% of their portfolio Boston, MA 3,340,0003.3m $3.3m $3.3m 0.92% Unchanged
49 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 3,255,0003.3m $3.2m $3.2m 0.00% Reduced -2.6m -2,609,000
50 CONNING INC. 0.11% of their portfolio HARTFORD, CT 3,075,0003.1m $3.1m $3.1m 0.11% Unchanged
51 GABELLI FUNDS LLC 0.02% of their portfolio Rye, NY 2,770,0002.8m $2.8m $2.8m 0.02% Reduced -2.8m -2,750,000
52 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,572,0002.6m $2.6m $2.6m 0.00% Added +922.0k +922,000
53 OAKTREE CAPITAL MANAGEMENT LP 0.03% of their portfolio LOS ANGELES, CA 2,300,0002.3m $2.3m $2.3m 0.03% Reduced -700.0k -700,000
54 JUPITER ASSET MANAGEMENT LTD 0.03% of their portfolio London, X0 2,300,0002.3m $2.3m $2.3m 0.03% Unchanged
55 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 1,800,0001.8m $1.8m $1.8m 0.00% New
56 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 1,781,0001.8m $1.8m $1.8m 0.00% Reduced -215.0k -215,000
57 FIRST HAWAIIAN BANK 0.06% of their portfolio HONOLULU, HI 1,779,0001.8m $1.8m $1.8m 0.06% Reduced -930.0k -930,000
58 Ameritas Investment Partners, Inc. 0.06% of their portfolio LINCOLN, NE 1,610,0001.6m $1.6m $1.6m 0.06% Unchanged
59 Wellesley Asset Management 0.08% of their portfolio PORTSMOUTH, NH 1,600,0001.6m $1.6m $1.6m 0.08% New
60 RATIONAL ADVISORS, INC. 0.14% of their portfolio San Juan, PR 1,560,0001.6m $1.5m $1.5m 0.14% Reduced -1.7m -1,710,000
61 Quaero Capital S.A. 1.43% of their portfolio GENEVE, V8 1,500,0001.5m $1.5m $1.5m 1.43% Added +350.0k +350,000
62 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,320,0001.3m $1.3m $1.3m 0.00% Unchanged
63 Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio ZURICH, V8 1,250,0001.2m $1.2m $1.2m 0.01% Unchanged
64 Calamos Wealth Management LLC 0.04% of their portfolio NAPERVILLE, IL 534,000534.0k $535.9k $535.9k 0.04% Reduced -41.0k -41,000
65 RBF Capital, LLC 0.03% of their portfolio RENO, NV 500,000500.0k $496.2k $496.2k 0.03% Unchanged
66 KBC Group NV 0.00% of their portfolio Brussels, C9 500,000500.0k $504.0k $504.0k 0.00% Unchanged
67 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 393,000393.0k $390.1k $390.1k 0.00% Added +90.0k +90,000
68 Teton Advisors, Inc. 0.09% of their portfolio Rye, NY 300,000300.0k $301.1k $301.1k 0.09% Unchanged
69 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 205,000205.0k $205.8k $205.8k 0.01% New
70 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 200,000200.0k $200.7k $200.7k 0.00% Unchanged
71 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 150,000150.0k $148.9k $148.9k 0.00% Added +35.0k +35,000
72 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 141,000141.0k $141.5k $141.5k 0.00% Reduced -1.9m -1,895,000
73 Financiere des Professionnels - Fonds d'investissement inc. 0.01% of their portfolio MONTREAL, A8 110,000110.0k $109.6k $109.6k 0.01% First filing
74 SG Americas Securities, LLC 0.10% of their portfolio NEW YORK, NY 73,84073.8k $7.4m $7.4m 0.10% Unchanged
75 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 59,00059.0k $58.6k $58.6k 0.00% Unchanged
76 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 55,00055.0k $54.6k $54.6k 0.00% Unchanged
77 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 50,00050.0k $50.0k $50.0k 0.00% Added +4.0k +4,000
78 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 35,00035.0k $34.7k $34.7k 0.00% Unchanged
79 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 31,00031.0k $30.0k $30.0k 0.00% First filing
80 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 31,00031.0k $31.0k $31.0k 0.01% Unchanged
81 Northside Capital Management, LLC 0.01% of their portfolio Hood River, OR 28,00028.0k $28.0k $28.0k 0.01% Unchanged
82 Goldstein Advisors, LLC 0.01% of their portfolio Madison, WI 27,00027.0k $27.0k $27.0k 0.01% Unchanged
83 PATRON PARTNERS, LLC 0.01% of their portfolio HOUSTON, TX 18,00018.0k $18.0k $18.0k 0.01% Unchanged
84 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 16,00016.0k $16.0k $16.0k 0.00% Unchanged
85 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 14,00014.0k $14.0k $14.0k 0.00% Added +5.0k +5,000
86 Iron Horse Wealth Management, LLC 0.01% of their portfolio JOHSTON, IA 12,00012.0k $12.0k $12.0k 0.01% Unchanged
87 TIAA TRUST, NATIONAL ASSOCIATION 0.00% of their portfolio CHARLOTTE, NC 12,00012.0k $11.9k $11.9k 0.00% First filing
88 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 11,00011.0k $10.9k $10.9k 0.00% New
89 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 11,00011.0k $10.9k $10.9k 0.00% Unchanged
90 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 10,00010.0k $10.0k $10.0k 0.00% Unchanged
91 Candriam S.C.A. 0.06% of their portfolio STRASSEN, N4 8,1008.1k $8.2m $8.2m 0.06% Reduced -8.1k -8,100
92 LAFFER TENGLER INVESTMENTS, INC. 0.90% of their portfolio Scottsdale, AZ 3,0333.0k $3.1m $3.1m 0.90% Reduced -125 -125
93 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 3,0003.0k $297.8k $297.8k 0.00% Unchanged
94 COMERICA BANK 0.00% of their portfolio DALLAS, TX 2,0002.0k $2.0k $2.0k 0.00% Reduced -1.2m -1,169,000
95 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,0001.0k $993 $993 0.00% Unchanged
96 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged